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Saudi Arabia’s energy sector is set to transition into a more sustainable and balanced industry, driven by the rapid rebalancing of the country’s economy and the strengthening of its pace of growth, according to MUFG. Powered by the Kingdom’s Vision 2030, Saudi Arabia will continue to deliver on its stated structural reform, which will have a strong pivot toward sustainable
THE consumer price index (CPI) for January 2022, due to be released on Thursday, is forecast to ease.
In opinion of Quek Ser Leang at UOB Group’s Global Economics & Markets Research, USD/IDR should remain side-lined within the 14,270-14,380 range for t
2021 was a terrific year for the company, Glencore CEO Gary Nagle said on Tuesday, when he reported record earnings before interest tax depreciation and amortisation (Ebitda) of $21.3-billion, a record marketing performance Ebit of $3.7-bilion, and a record industrial business performance of $17.1-billion Ebitda. As a result, net debt of $6-billion is now significantly below the London- and Johannesburg-listed company’s cap of $10-billion, which opened the way for a $4-billion distribution back to shareholders, made up of cash of $3.45-billion and a share buyback of $550-million. (Also w...
Strategists at UOB Group’s Global Economics & Markets Research review the latest decision by the PBoC. Key Takeaways “The People’s Bank of China (PBOC